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Issues involving seller’s disclosures and buyers due diligence come up every day in Oahu Hawaii Real Estate. These matters are of utmost importance and are some of the primary issues that commonly make or break an Oahu real estate transaction. But what are the obligations and requirements for Seller’s disclosures and Buyer’s due diligence regarding the sale of real estate in Hawaii? I will discuss each separately, starting with Seller’s Disclosures in Part 1.
Seller’s Real Property Disclosures
In any residential real estate transaction, a Seller is required to make disclosures of “any fact, defect, or condition, past or present, that would be expected to measurably affect the value to a reasonable person of the residential real property being offered for sale.“ (Emphasis added. HRS Section 508D-1.)